As of August 01, 2026, the average salary for a Group Insurance Underwriter I in the United States is $60,021 per year, which breaks down to an hourly rate of $29.
However, a Group Insurance Underwriter I's salary can vary significantly. Here’s a look at the typical salary range:
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A Group Insurance Underwriter I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Group Insurance Underwriter I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Group Ins... Level Group Insurance Underwriter I | $59,549 |
| Underwrit... Level Group Insurance Underwriter I | $70,162 |
| Underwrit... Level Group Insurance Underwriter I | $91,211 |
| Underwrit... Level Group Insurance Underwriter I | $106,548 |
| Underwrit... Level Group Insurance Underwriter I | $131,294 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Group Insurance Underwriter Is. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 7.06% |
| Financial Services | 1.53% |
| Microsoft Office | 1.23% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Credit Administration
|
$77,427 |
29%
|
|
Team Operations
|
$68,423 |
14%
|
|
Due Diligence
|
$67,823 |
13%
|
|
Self Motivation
|
$67,223 |
12%
|
|
Accountability
|
$66,623 |
11%
|
|
Financial Accounting
|
$65,422 |
9%
|
For Group Insurance Underwriter I roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Financial Services sectors offer the strongest compensation, at 50% above the average. In contrast, Group Insurance Underwriter positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Group Insurance Underwriter I as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $90,031 | $43.0 | 50% |
| Financial Services | $72,025 | $35.0 | 20% |
| Healthcare | $66,023 | $32.0 | 10% |
Your level of education can impact your salary potential. While many Group Insurance Underwriter Is enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Group Insurance Underwriter I with a Associate's Degree is between $57,884 and $61,738).
Group Insurance Underwriter I Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 17.6% |
| High School | 17.6% |
| Associates | 6.5% |
| Bachelors | 61.1% |
| Masters | 14.8% |
| Doctorate | 0.0% |
Understanding how a Group Insurance Underwriter I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Salaries for a Group Insurance Underwriter I can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $64,976 in 2023 to around $62,028 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Group Insurance Underwriter I salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $64,976 |
| 2024 | $63,525 |
| 2025 | $62,028 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Insurance industry offers the highest average compensation for Group Insurance Underwriter I roles, with salaries approximately 50% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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